The Penn's Grove record., 1887-05-07
THE WESTERN BOOM.

st. Joseph, Mo-, Still Leading All COMPETE
tors in Real Estate Deals and the Acqu1-
sitioH of substantial Enterprises.
The most noticeable real estate activity
continues to prevail at St. Joseph, Mo-,
says u correspondent Of an Eastern paper.
Packing houses aud other Industrial enter
prises, among them the Louisiana tobacco
Works, are going ia at a lively rate one
OF tie chief evidences of the growth of the
city being the granting Of franchise to u
syndicate of Kansas City capitalists for the
construction of an extensive system OF ca
BILE lines, to be commenced at once, and to
cost $500, COO. The best evidence, however,
is in the showing of actual transactions
closed in one week recently w. A. y.
Mcdonald bought 90 lots in Eastern Ex-
tension for $40, 500. He sold "a of them for
$40, 700, and sold balance at an advance of
$40 per foot in cost. Sam Nave and j. S.
BriLton bought a lot in Patee's addition for
81. 600 and sold for $1,000 in four days. w.
III. Constable bought lot 2, block "a, st.
Joseph Extension, for $500, and sold for
$3.50. j. S. Blackwilder, of Chicago,
bought eighty feet, southeast corner of
Third and S%ylvanle, for $4,000, ami has
been offered nearly double that for it and
refused it. j.. NJ. Hill paid 1900 for north
east corner Second and Francis, and has
since refused SIS, 900. G. w. Brown bought
two lots on 81. Joseph avenue for $1,000,
and sold in six days for $1,000. John Kelly
bought two lots in Eastern Extension; he
paid 5000; in thirty days he sold 1T for s9J0;
Il has since been resold for $1,000. D.. +.
TYLER bought a lot in Eastern Extension
for S125 and sold to Hubbard for 5000, who
has since been offered 800. L. Il. Carter
bought a lot in January in Kemper's ad-
dition for $500. In three days after he was
offered 81, coo, and since then $1,000. He
bought four lots in RobidouX addition for
1000; sold for Sc, 1000, and his purchaser
sold for IS, 600. Mrs. N. Nj. Brewster
bought three lots for $500 and sold for
81, 100 in three days, and in four days they
were resold for 81 ,400. D.. q. Griswold
bought six lots in East st. Joseph for $500
and sold the next day for $3.50; also three
others for 5000 and resold in three weeks
for 81, 900.
One of the publishers of Hoye's Direc-
tory, speaking of the Western cities and
the prevailing boom, writes as follows of
st. Joseph, where he has just issued the
Directory for 1887 mot only has st.
Joseph increased in population at a most
satisfactory rate, there being an increase in
one year Of 3, 1916, while thetotal population
in round numbers is shown to be 10000,
but she has undergone a spirited revival
that augurs the outstripping of all compe-
tition. Zen years ago the city had scarce
ly a dozen manufactures, whereas the
year 'S7 finds her with some 40 of all
kinds, with thirteen railroads, the largest
stockyards west of Chicago, some thirteen
miles of streets, paved with asphaltum, and
as many miles more under contract, with
the electric motor soon to be in operation
on two of the car lines, and the cable line
an assured fact, and new enterprises
~springing up daily on every hand. The
demand for real estate has been steady and
active. For the past year st. Joseph has
led almost continually the other cities of
the United States in bank clearances, the
per cent. of increase over 1886 reaching in
one case 140.7 7, and up to date maintaining
an average of almost 100. Down to Dec.
81, 1886, st. Joseph's jobbing houses did a
business of $110, 539, 900, showing an in
crease in the business of 1886 over that OF
1865 of $23, Ill, OPS. A fair indication of the
inc. easing business may be sought in the
fact that st. Joseph now employs a force
of commercial travellers numbering l,Ol3
men"
st. Joseph, more than any other Western
town, offers the best inducements to men
Of small capital TO commence a
turing business, and to mechanics and la
borers to find employment and build desir-
able homes.